Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
EIN 47-2080338 • 501(c)3 • Morganton, NC
Profile
The mission of the industrial commons is to rebuild a diverse working class based on locally-rooted wealth.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Assets
Up$35,394,219
Up $19,310,094 (+120%) from 2023
Liabilities
Up$15,229,338
Up $14,871,005 (+4150%) from 2023
Net Assets
Up$20,164,881
Up $4,439,089 (+28%) from 2023
Revenue
Down$8,682,953
Down $2,974,663 (-26%) from 2023
Expenses
Up$4,017,046
Up $1,780,399 (+80%) from 2023
Net Income
Down$4,665,907
Down $4,755,062 (-50%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The mission of the industrial commons is to rebuild a diverse working class based on locally-rooted wealth.
To create long-term economic and societal benefits in rural western north carolina and neighboring regions by lessening the burdens of government and developing public assets that enhance the retention and creation of small to mid-size manufacturing firms and meaningful, gainful employment; by providing economic, business and vocational education services to workers and business owners; and by sustainably enhancing the economic well-being of all members of a community.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $8,264,026 | $13,635,748 | ▲ $5,371,722 |
| Land, Buildings, and Equipment, Net | $3,620,763 | $11,623,897 | ▲ $8,003,134 |
| Savings and Temporary Cash Investments | $2,536,698 | $7,331,129 | ▲ $4,794,431 |
| Pledges and Grants Receivable | $184,965 | $1,662,815 | ▲ $1,477,850 |
| Cash and Non-Interest-Bearing Accounts | $442,616 | $351,853 | ▼ $90,763 |
| Prepaid Expenses and Deferred Charges | $43,367 | $216,969 | ▲ $173,602 |
| Accounts Receivable | $59,219 | $98,647 | ▲ $39,428 |
| Other Notes and Loans Receivable, Net | $54,135 | $88,759 | ▲ $34,624 |
| Investments Program Related | $25,000 | $0 | ▼ $25,000 |
| Inventories for Sale or Use | $264,446 | $24,470 | ▼ $239,976 |
| Total Assets | $16,084,125 | $35,394,219 | ▲ $19,310,094 |
| Other Assets Total | $588,890 | $359,932 | ▼ $228,958 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $0 | $10,000,000 | ▲ $10,000,000 |
| Other Liabilities | $242,420 | $4,639,561 | ▲ $4,397,141 |
| Accounts Payable and Accrued Expenses | $115,913 | $589,777 | ▲ $473,864 |
| Total Liabilities | $358,333 | $15,229,338 | ▲ $14,871,005 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $6,600,516 | $10,522,627 | ▲ $3,922,111 |
| Net Assets With Donor Restrictions | $9,125,276 | $9,642,254 | ▲ $516,978 |
| Total Net Assets Fund Balance | $15,725,792 | $20,164,881 | ▲ $4,439,089 |
| Total Liabilities and Net Assets / Fund Balance | $16,084,125 | $35,394,219 | ▲ $19,310,094 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $5,849,762 | $189 | $5,849,951 |
| Other Land Buildings | $3,017,952 | - | $3,017,952 |
| Land | $1,672,224 | - | $1,672,224 |
| Equipment | $1,083,959 | $305,669 | $1,389,628 |
| Other Securities | $13,635,748 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Molly Hemstreet | Co-executive Director | FT | $124,125 | - | $124,125 |
| Sara Chester | Co-executive Director | FT | $107,925 | $5,502 | $113,427 |
| Name | Title |
|---|---|
| Deborah Sigmon | Chairperson |
| Kimberly Hunter | Vice Chair |
| Marcelina Miguel | Director |
| Sharley Mendoza Perez | Director |
| Renea Canipe | Director (thru August) |
| Lisa Miller | Director/secretary (thru June) |
| Erica Damman | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,722,123 |
| Other Expenses | $1,414,457 |
| Grants and Similar Amounts Paid | $880,466 |
| Total Fundraising Expense | $330,081 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $712,156 | $345,674 | $203,214 | $1,261,044 |
| Grants to Domestic Orgs | $880,466 | - | - | $880,466 |
| Fees for Services Other | $409,800 | - | $940 | $410,740 |
| Occupancy | $293,046 | $64,587 | $26,168 | $383,801 |
| Current Officers, Directors, Trustees, and Key Employees | $143,601 | $46,441 | $47,510 | $237,552 |
| Office Expenses | $208,809 | $329 | $608 | $209,746 |
| Payroll Taxes | $74,559 | $24,375 | $15,586 | $114,520 |
| Other Employee Benefits | $70,970 | $23,202 | $14,835 | $109,007 |
| Depreciation Depletion | $60,311 | $18,354 | $11,736 | $90,401 |
| Travel | $86,394 | $57 | $470 | $86,921 |
| Fees for Services Accounting | $9,844 | $51,157 | - | $61,001 |
| Conferences and Meetings | $45,222 | $3,546 | $4,934 | $53,702 |
| Fees for Services Legal | $42,980 | - | - | $42,980 |
| All Other Expenses | $37,345 | $5,435 | $127 | $42,907 |
| Advertising | $18,085 | $273 | $1,122 | $19,480 |
| Insurance | $4,593 | $4,428 | $2,831 | $11,852 |
| Information Technology | $926 | - | - | $926 |
| Total Functional Expenses | $3,099,107 | $587,858 | $330,081 | $4,017,046 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| North Carolina State University | Raleigh, NC | Government Entity | Grant Subawardee | $337,761 |
| Manufacturing Solutions Center | Conover, NC | Government Entity | Grant Subawardee | $327,495 |
| Gaston College | Dallas, NC | 501(c)(3) | Grant Subawardee | $89,224 |
| Material Return | Morganton, NC | - | General Support | $64,143 |
| Western Piedmont Community College | Morganton, NC | Government Entity | Grant Subawardee | $27,445 |
| The Community Foundation of Western North Carolina | Asheville, NC | - | Scholarship - Hometown Walkabout Tours | $20,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Refundable Grant Advances | $4,639,561 |
“The organization provides a draft of the 990 to the board of directors for review prior to filing and give three business days for a response before filing.”
“Each year the board is required to review for conflicts. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.”
“The independent membership of the board of directors annually conducts a performance review of the co-executive directors. The co-executive directors compensations are reviewed and compared to public information about compensation in positions at similar organizations. The board approves compensation for the co-executive directors with an official vote with discussion and results recorded in meeting minutes.”
“The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request.”
“Technical assistance/contracts: program service expenses 403,240. Management and general expenses 0. Fundraising expenses 940. Total expenses 404,180. Other professional fees: program service expenses 6,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,560.”
“Write off obsolete inventory -226,818.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 115913 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 589777 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 59219 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 98647 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO CREATE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS IN RURAL WESTERN NORTH CAROLINA AND NEIGHBORING REGIONS BY LESSENING THE BURDENS OF GOVERNMENT AND DEVELOPING PUBLIC ASSETS THAT ENHANCE THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 1122 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 273 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 18085 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 19480 |
| IRS990/AllOtherContributionsAmt | 0 | 4713245 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 127 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5435 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 37345 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 42907 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NAOMI HUNT |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8284434043 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 647 HOPEWELL RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MORGANTOWN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28655 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 442616 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 351853 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 47510 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 46441 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 143601 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 237552 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 4934 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 3546 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 45222 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 53702 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CostOfGoodsSoldAmt | 0 | 44851 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 7817883 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 880466 |
| IRS990/CYInvestmentIncomeAmt | 0 | 461934 |
| IRS990/CYOtherExpensesAmt | 0 | 1414457 |
| IRS990/CYOtherRevenueAmt | 0 | -20774 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 423910 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 4665907 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1722123 |
| IRS990/CYTotalExpensesAmt | 0 | 4017046 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 330081 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 8682953 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 11736 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 18354 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 60311 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 90401 |
| IRS990/Desc | 0 | THE INDUSTRIAL COMMONS FOUNDS AND GROWS INTERCONNECTED ENTERPRISES THAT SOLVE INDUSTRIAL PROBLEMS FOR BUSINESSES AND WORKERS, AND MANUFACTURES HOPE FOR THE PEOPLE OF WESTERN NORTH CAROLINA.THE INDUSTRIAL COMMONS FULFILLS THEIR MISSION BY ENHANCING THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 9125276 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 9642254 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 31 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 3099107 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 51157 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 9844 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 61001 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 42980 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 42980 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 940 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 409800 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 410740 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 5502 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MOLLY HEMSTREET |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DEBORAH SIGMON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KIMBERLY HUNTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SHARLEY MENDOZA PEREZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ERICA DAMMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RENEA CANIPE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | LISA MILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARCELINA MIGUEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SARA CHESTER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 124125 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 107925 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CO-EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRPERSON |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR (THRU AUGUST) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR/SECRETARY (THRU JUNE) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CO-EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2014 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 3104638 |
| IRS990/GrantAmt | 0 | 880466 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 880466 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 880466 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 8727804 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 17232 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 926 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 926 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 2831 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4428 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4593 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 11852 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 264446 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 24470 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 461934 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 461934 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 8264026 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 13635748 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 25000 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 67 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 305858 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3620763 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 11623897 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 11929755 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 1 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 6845 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 6845 |
| IRS990/MissionDesc | 0 | THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 10000000 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 15725792 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 20164881 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | -27619 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -27619 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 6600516 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 10522627 |
| IRS990/NoncashContributionsAmt | 0 | 1050 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 26168 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 64587 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 293046 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 383801 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 608 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 329 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 208809 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 209746 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 588890 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 359932 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -226818 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 14835 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 23202 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 70970 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 109007 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 242420 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 4639561 |
| IRS990/OtherRevenueTotalAmt | 0 | 6845 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 203214 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 345674 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 712156 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1261044 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 54135 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 88759 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 15586 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 24375 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 74559 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 114520 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 184965 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 1662815 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 43367 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 216969 |
| IRS990/PrincipalOfficerNm | 0 | SARA CHESTER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541618 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FEES FOR SERVICES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MEMBERSHIP DUES & EVEN |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 235302 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 184282 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 4326 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 235302 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 184282 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 4326 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 10971882 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 5280 |
| IRS990/PYInvestmentIncomeAmt | 0 | 291977 |
| IRS990/PYOtherExpensesAmt | 0 | 827093 |
| IRS990/PYOtherRevenueAmt | 0 | -21889 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 415646 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 9420969 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1404274 |
| IRS990/PYTotalExpensesAmt | 0 | 2236647 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 11657616 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 4665907 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 396291 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2536698 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 7331129 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 7817883 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10971882 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2181163 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4038089 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2715115 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 27724132 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 461934 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 291977 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8791 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3436 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5070 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 771208 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 6375397 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.61770 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.46900 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 17601607 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 10122525 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 7817883 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10971882 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2181163 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4038089 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2715115 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 27724132 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 28495340 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt | 0 | 87713 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt | 0 | 65458 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt | 0 | 67377 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt | 0 | 220548 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt | 0 | 350852 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt | 0 | 261832 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt | 0 | 269508 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt | 0 | 882192 |
| IRS990ScheduleC/GrassrootsCeilingAmt | 0 | 330822 |
| IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt | 0 | 87713 |
| IRS990ScheduleC/LobbyingCeilingAmt | 0 | 1323288 |
| IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt | 0 | 350852 |
| IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt | 0 | 4017046 |
| IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt | 0 | 4017046 |
| IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 5849762 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 189 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5849951 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1083959 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 305669 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1389628 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1672224 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1672224 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 3017952 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3017952 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 4639561 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | REFUNDABLE GRANT ADVANCES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 13635748 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | MONEY MARKET FUNDS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 11623897 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 13635748 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4639561 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 337761 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 27445 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 327495 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 89224 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 20000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 64143 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | GOVERNMENT ENTITY |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | GOVERNMENT ENTITY |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | GOVERNMENT ENTITY |
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